Press-released assignments only. Linked houses open a labeled estimate — not an appraisal.
Motto by Hilton Nashville Downtown · 260 keys · Upscale
Apple IR: approximately $98.2 million for the 260-room new-build Motto. Rooms-focused — not a 1 Hotel lifestyle PPK.
Apple Hospitality REIT Exhibit 99.1, December 22, 2025
Apple opened and acquired the newly constructed 260-room Motto by Hilton Nashville Downtown on December 22, 2025 for approximately $98.2 million, or $378,000 per key as Apple rounded it. Harbor PPK is $98.2 million ÷ 260. Fixed-price take-out ahead of development is Apple’s narrative. Not a slice of Host’s $530 million 1 Hotel + Embassy Suites complex — Harbor does not invent that allocation.
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Public filingDec 3, 2025
The Westin Michigan Avenue Chicago · 752 keys · Upper upscale
Pebblebrook 8-K: $72.0 million for the 752-room Westin Michigan Avenue Chicago, before a brand-mandated PIP. Not a rooms-only trophy PPK.
Pebblebrook Hotel Trust Form 8-K, December 3, 2025 (press dated December 4)
Pebblebrook closed the 752-room Westin Michigan Avenue Chicago on December 3, 2025 for $72.0 million to a third party. Pebblebrook’s 15.6x EBITDA / 3.5% NOI lines are before a brand-mandated PIP and other significant capex — that is Pebblebrook’s narrative, not a second price. Buyer unnamed. Magnificent Mile box, not a River North boutique.
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Public filingNov 19, 2025
Montrose at Beverly Hills · 133 keys · Upscale
Pebblebrook 8-K: $44.25 million for the 133-room Montrose at Beverly Hills. West Hollywood lifestyle — not a Sunset trophy.
Pebblebrook Hotel Trust Form 8-K, November 19, 2025 (press dated November 20)
Pebblebrook closed the 133-room Montrose at Beverly Hills on November 19, 2025 for $44.25 million to a third party. Harbor PPK is $44.25 million ÷ 133. Buyer unnamed — Harbor will not invent one. West Hollywood lifestyle, not a Beverly Hills palace.
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Homewood Suites by Hilton Tampa-Brandon · 126 keys · Upscale
Apple IR: $18.8 million for the 126-room Homewood Suites by Hilton Tampa-Brandon. Suburban extended-stay — not a downtown Tampa palace.
Apple Hospitality REIT IR, Q2 2025 (June 2025 close; day-of-month not named)
Apple acquired the 126-room Homewood Suites Tampa-Brandon in June 2025 for $18.8 million, or about $149,000 per key. Day-of-month not named; Harbor uses the first of June rather than inventing a closing day. Apple’s 12% TTM cap-rate line is Apple’s narrative, not a second price. Brandon suburban, not South Beach and not the Host Tampa marina file Harbor left off the tape.
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Public filingMar 6, 2025
Courtyard by Marriott Atlanta Buckhead · 181 keys · Upscale
RLJ 10-Q: $24.3 million for the 181-room Courtyard Atlanta Buckhead. Buckhead select-service — not a Midtown lifestyle PPK.
RLJ Lodging Trust Form 10-Q, quarter ended March 31, 2025
RLJ sold the 181-room Courtyard Atlanta Buckhead on March 6, 2025 for a sales price of $24.3 million. Harbor PPK is $24.3 million ÷ 181. RLJ’s 18.0x Hotel EBITDA line is RLJ’s narrative, not a second price. Buyer unnamed in the filing — Harbor will not invent one. Recited again in the June 30, 2026 10-Q.
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